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AVAX/USDT (Futures) Potential Upward Movement

AVAX/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 89.79, 94.32, 94.99.

Key Support Levels: 84.83, 82.67, 80.00.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 79.19 USDT mark. So, the break of the structure shows that there is a potential of a reversal and a move to the upside.

AVAX/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break as well the bearish trendline where the market showed a new trend to the upside. A series of higher highs and lows has been posted. This shows that the buyers are in clear control of the market and might push the price all the way up.

Buy Limit Order @ 85.33

Target Profit 1 @ 89.79

Target Profit 2 @ 94.32

Stop Loss @ 80.85

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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